Market appears to be overbought on halving hype.
We can estimate how overbought by comparing current price to the point of control (POC; the price at which highest volume was traded) for the past year, which is $8000.
Price reached a high of 9481, which is $1481 above $8000 (yellow price measurement)
Projecting that price difference down from 8K gives a target of $6500.
Side: Short
Entry: 9249.0
Stop Loss: 9501.0
Target: 6721.0
RR(BTC): 13.39
RR(USD): 10.03
We can estimate how overbought by comparing current price to the point of control (POC; the price at which highest volume was traded) for the past year, which is $8000.
Price reached a high of 9481, which is $1481 above $8000 (yellow price measurement)
Projecting that price difference down from 8K gives a target of $6500.
Side: Short
Entry: 9249.0
Stop Loss: 9501.0
Target: 6721.0
RR(BTC): 13.39
RR(USD): 10.03
İşlem aktif
Not
Short term
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.